Citibank (NYSE: C) has been named “America’s Greenest Bank” according to a new ranking from Banking Technology News.
Citigroup’s global sustainable IT initiative is one of the primary reasons that the bank was included on the list. The New York-based financial firm has goals to reduce its energy consumption, paper usage and travel time and develop a more efficient supply chain.
Citibank has been applauded by the publication for having reduced the number of its data centers from 52 to 24 over the last five years, three of which have LEED certification. By consolidating its data centers, Citibank is substantially reducing the amount of energy it uses to power its technology network.
In 2007, Citigroup said that it would allocate $50 billion over the next decade to address global climate change through financing, investments and related activities through the commercialization and growth of green energy and clean technology solutions.
By the end of the year, Citigroup hopes to have more than 300,000 laptops and PC’s upgraded to a standardized energy-efficient model.
